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15-Year Mortgages Gaining in Popularity

Freddie Mac reports that more borrowers who refinance today are opting to switch from a 30-year fixed mortgage to a fixed-rate loan with a term of only 15 or 20 years. The trend, which is at a level not seen since 2004, partially is the result of a shift in attitudes...

The Trouble With Condo Financing

Over the last few years I’ve lost or scared off several clients who “just wanted to buy a little condo in town” but didn’t realize the complications they would run into along the way. So I decided to write this little post to explain the...

Mortage Rates Ease a Little

In the news…Freddie Mac’s weekly survey shows that the average interest on a 30-year fixed mortgage was 5 percent for the week ended Feb. 17, down from 5.05 percent the previous week. Rates on 15-year fixed loans averaged 4.27 percent, meanwhile, a decline...